May 2026
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Largest Food & Beverages Public Companies in Mexico
Benchmark revenue and EBITDA valuation multiples for public comps like
Arca Continental, Grupo Bimbo, Gruma, Sigma Foods and Coca-Cola FEMSA.
 | Arca Continental is a major bottler for Coca-Cola, generating 94% of sales and nearly all profits by manufacturing and distributing sodas and nonsparkling drinks under Coca-Cola brands, which it sells to retailers and foodservice providers in the US and Latin America. Food and snacks under Arca’s own brands make up the rest of its revenue. By region, Mexico remains the largest beverage market, contributing 43% of sales, followed by the US (34%), Peru (8%), Ecuador (4%), and Argentina (5%). Coca-Cola has a 20% stake in AC Beverages, the entity that holds Arca’s beverage assets in the US and Latin America. | $13 | +6% | $22B | $24B | 1.6x | 8.1x | ||
| Grupo Bimbo SAB de CV is an international baking-products manufacturer. The company operates in over 22 countries throughout the Americas, Europe, and Asia. The firm's key product categories are packed bread, sweet baked goods, salty snacks, cookies, solutions (tortillas, pitas, wraps), prepacked foods, confectionery, and others. The key brands are Bimbo, Ideal, Ricolino, Oroweat, Arnold, Thomas, and Sara Lee. Grupo Bimbo has a large direct distribution network that allows the company to distribute products from its plants (based in Uruguay, Rio de Janeiro, China, Santiago de Chile, and Argentina) to sales centers and warehouses. | $3 | +9% | $14B | $25B | 1.0x | 7.2x | ||
| Gruma SAB de CV is an international food production company, originally from Mexico. The product portfolio is large: corn and flour tortillas, wheat flour, naan, pita bread, flatbreads, wraps, chapatti, and pizza bases, along with other food products, such as snacks, pasta, rice, condiments, and palm hearts. The company has operations in America, Europe, Asia, and Oceania, and is present in over 100 countries across the globe. Its well-known brands are Maseca, Robin Hood, Mission, Guerrero, Tortiricas and Tosty. | $17 | -18% | $6B | $7B | 1.1x | 6.2x | ||
| Sigma Foods SAB de CV is a multinational food company focused on the production, marketing, and distribution of food products through brands in Mexico, Europe, the United States, and Latin America. The company's key offerings include: i) Cold cuts: Ham, sausage, bacon, chorizo, among others. ii) Matured meats: Serrano, prosciutto, salami, fuet, among others. iii) Dairy products: Yogurt, cheeses, butter, margarine, among others. iv) Other: Snacks, prepared foods, plant-based foods, beverages, among others. | $1 | +11% | $5B | $8B | 0.8x | 6.3x | ||
| Coca-Cola Femsa, a subsidiary of Femsa, is the largest franchise bottler of Coca-Cola in volume terms. The company purchases beverage concentrates and syrup from Coca-Cola, which it then processes and packages for distribution through modern trade, traditional trade, and the on-premises channel. Mexico and Brazil make up 80% of the total volume and sales, with the rest from other Central and South American countries, including Panama, Guatemala, Uruguay, and Argentina. Femsa and Coca-Cola hold 47% and 28% economic interests in Coca-Cola Femsa through nonpublicly traded A and D shares, respectively, while controlling 56% and 33% of the voting power. | $9 | -- | $5B | $9B | 0.5x | 2.7x | ||
| Grupo Kuo SAB de CV is a Mexico-based conglomerate that comprises various segments. The company operates through Consumer, Chemical and Automotive segment. The consumer segment is engaged in the production and sale of pork meat and consumer products; Chemical segment is engaged in the manufacture and sale of plastics and chemical products; and Automotive segment comprises of production and sale of transmissions and auto-parts. | $3 | +44% | $2B | $2B | 0.6x | 6.3x | ||
| Grupo Herdez SAB de CV specialises in the processed food and ice cream industries, with its operations primarily in Mexico. The company engages in the manufacturing, purchasing, distributing, and marketing of canned and packaged food products in Mexico, as well as food products at the Mexican food segment within the United States. Product segments include burritos, canned vegetables, frozen yogurt, guacamole, and home-style salsas. Products are then sold through a variety of brands, such as Aires de Campo, Barilla, Bufalo and many more. | $4 | +16% | $1B | $920M | 0.4x | 2.0x | ||
| Organizacion Cultiba SAB de CV is a holding company engaged in the bottling of soft drinks and jug water, and the exclusive bottler of PepsiCo beverage products in Mexico. The company offers carbonated, non-carbonated soft drinks and jug water under own brands as well as third-party brands. | $1 | +26% | $537M | $328M | 48.6x | 3.6x | ||
| Grupo Minsa SAB de CV is a Mexico-based company engaged in the production of corn flour. The company distributes corn flour to Mexican government accounts, retailers, markets, distributors, wholesalers, supermarket chains and food services. The company's products include Tortillas, Frituras, Tostadas, Totopos and other Mexican delicacies. | $1 | -1% | $201M | $451M | 0.9x | 7.8x | ||
| Ingeal SAB de CV is a holding company, engaged in the food industry, which specializes in the production and sale of packaged foods, biscuits, pasta and chocolates. | $0 | -- | $4M | $5M | — | — | ||
| Median | $3 | +10% | $3B | $5B | 0.9x | 6.3x |
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